The News Review:
- Readers react to bama’s auto incentives plan
- bama administration criticized for auto stance
- Auto Anguish May Be Followed By Housing Pain
- CBS Shares Drop n Downgrade Auto-Ad Concerns >CBS
- ASIA MARKETS: Auto Shares Gain As More Analysts See Recovery Coming
Readers react to bama’s auto incentives plan
USA Today
I would not be concerned about the state of the company. ” —Jennifer Beaton Westlake hio•”The ‘cash for clunkers’ would definitely make me more likely to buy a new GM vehicle. We can not allow the American Auto Industry to crumble to nothing. If we do not buy American we are guaranteeing even more downfall for our country. If we can continue to dish out money to the banks who are still not loaning then I feel we can continue to help the American Auto Industry. If the banks would have continued to loan money our Auto Industry may not be in the situation it is currently in. ” —Tabatha Livengood Stryker hio•”I own a 2003 Dodge Durango and would be very interested in trading for a new vehicle made in the US if the ‘cash for clunkers’ money was substantial.
bama administration criticized for auto stance
The Associated Press
Bob Corker said it wasn’t just the forced ouster of General Motors Corp. CE Rick Waggoner that caused him concern. He accused the administration of taking a “we know best” attitude in connection with the problems in the domestic industry and said that should “send a chill throughout the country.
Auto Anguish May Be Followed By Housing Pain
Forbes
3% to 7522; and the Nasdaq lost 43 points or 2. Monday’s weakness began with General Motors (nyse:.
CBS Shares Drop n Downgrade Auto-Ad Concerns >CBS
Wall Street Journal
–>CBS Shares Drop n Downgrade Auto-Ad Concerns >CBS ArticleCommentsmore in. (CBS) dropped as much as 18% Monday after UBS cut its stock-investment rating and as concerns about the auto sector hurt the media company. A significant portion of CBS’ revenue – 65% – is generated through advertising sales and the auto industry has traditionally been one of the largest advertisers.
ASIA MARKETS: Auto Shares Gain As More Analysts See Recovery Coming
CNNMoney.com
At the sametime domestic sales have tumbled as consumers tightened their belts in the wakeof the economic slowdown. In a research note released this week Nikko Citigroup which had previouslyrecommended that investors avoid buying Japanese automobile shares to betterassess the risk of a bankruptcy of General Motors Corp. (GM) said it wasfinally time to start buying Japan auto stocks in anticipation of an earningsrecovery in the ctober-December quarter. “Caution is still needed as risks have naturally not completely evaporatedbut negatives have ebbed versus February and positives have begun to surface sowe are optimistic that share prices will rebound” Nikko Citigroup analystswrote in the report. administration forced the departure of GM’s Chief ExecutiveRick Wagoner and suggested a “quick and surgical” bankruptcy for struggling U.
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